FLETCHER BUILDING LIMITED — Major Shareholding Notification 2008

Jan 16, 2008

Regs. 4, 18, 19

SCHEDULE

Forms

Form 1

Reg. 4

(Securities Amendment Act 1998)

Substantial Security Holder Notice

• X Notice that a person has become a substantial security holder (section 20 (3))

• Notice that a person has ceased to be a substantial security holder (section 21(3))

Notice of a change in the number of voting securities which a substantial security holder has a relevant interest (section 21 (1))

Notice of a change in the nature of relevant interest held by a substantial shareholder (section 22)

1. Fletcher Building Ltd Name of public issuer

The Capital Group Companies, Inc.

Name of substantial security holder

333 South Hope St., Los Angeles, CA 90071 Address of substantial security holder

Vivien Tan (213) 615-0469 Contact Name for queries Telephone number 2. 25,656,596 500,791,134 5.1232% Total number of voting securities of the public Total Number of voting securities Total Percentage issuer in which a relevant interest is held issued by public issuer Ordinary shares 1 Class of voting securities Number of votes attached to each voting security in that class 3. BENEFICIAL RELEVANT INTERESTS NON-BENEFICIAL RELEVANT INTERESTS N/A 25,656,596 Number of voting securities in which a beneficial relevant Number of voting securities of the class in which a non-beneficial interest is held relevant interest is held 5.1232% Percentage held at date of THIS notice Percentage held at date of THIS notice N/A Percentage held at date of LAST notice (if any) Percentage held at date of LAST notice (if any) 4. DETAILS OF EACH RELEVANT INTEREST DETAILS OF EACH RELEVANT INTEREST 5. Please refer to attached schedule Name(s) of registered holder(s) Name(s) of registered holder(s) 6. Both (b) and (c) N/A Date(s) of transaction(s) Provision(s) of section 5 Date(s) of transaction(s) 7. N/A N/A Number of voting securities Consideration (NZ$) Number of voting securities Consideration (NZ$)

Description of nature of transaction(s), including the name(s) of any other party to the transaction(s) (if known)

1. Relevant documentation –  forms part of this notice ________________________________ is not required to be filed  ________________________________ X has already been filed with the notice dated   _________________ 
   

2. 1 Number of pages that accompany this notice (if any)

Date of last notice

N/A

Name(s) of any other person(s) who is (are) believed to have given or to be intending to give a substantial security holder a notice in relation to the securities in which this notice relates

I declare that to the best of my knowledge and belief the information contained in this notice is correct and that I am duly authorized to give this notice:

Signature (unless filed by electronic means other than facsimile)

Vivien Tan Full name

15 January 2008 Date

Fletcher Building Ltd. Schedule of Holdings

Nominee Name	Shares Held
National Australian Bank LTD.	25,656,596
Total Shares Held	25,656,596